Liberty Mutual sends out Mass. refunds Legal News Line
The money, distributed as part of a settlement reached with Liberty Mutual Insurance Company in January, is part of Coakley's ongoing motorcycle insurance overcharge initiative.
"We are pleased that Liberty Mutual cooperated with our investigation and that policyholders are now receiving their refunds, particularly in this economy when every penny counts," Coakley said.
"We will continue to work to achieve more transparency in the auto insurance industry. We encourage consumers with questions about their policies to contact our Insurance & Financial Services Division."
Liberty Mutual is required by terms of the settlement to complete the process of issuing the refunds by May 1, with the average consumer receiving $334.